23rd June 2015 Intraday Market Analysis

AUDUSD

Price has continued to make a lower low and lower high. As long as price respect the 0.7800 level, we are looking for a shorting opportunity around the 0.7775 region with stops above the 0.7800 level, targeting the 0.7710 region.

EURUSD

We have a completed double top with an RSI divergence. We will be looking for a shorting opportunity should price retrace back to the 61.8 level (1.1345). Stops have to go above the double top (1.4100) with a potential target at 1.1245.

GBPUSD

Similar to the AUDUSD pair, price broke and closed below the previous structure level. We will be looking for a short opportunity should price retrace back to the 1.5850 region, with an aggressive stops just above the 1.5880 level; and a more conservative stops above the 1.5910 level. Target can be placed at the 1.5800 level and second target at the 1.5765 level.

NZDUSD

This pair has also broke and closed below the previous structure (similar to AUDUSD and GBPUSD above). Should price retrace back to the 0.6895 region, we will look for a short opportunity with stops above 0.6910 and 0.6930, targeting the 0.6845 level.

USDJPY

This pair has broken the previous structure high. We will be looking for a buy opportunity near the 123.15 region with stops below the 123.00 even level, targeting the 123.55 level and 123.80 for our second target.

USDCAD

A potential long opportunity should price retrace towards the 1.2295 region. An aggressive stop have to go below the 1.2280 level; and a conservative stop can go below the 1.2265 level. Potential target can be placed at the 1.2335 level.